Question
Please don't copy ans Economics Consider the following theoretical model Y = x + Ei = 0.8i-1 + U ui~N(0,0.72) You are told that var
Please don't copy ans Economics
Consider the following theoretical model Y = x + Ei = 0.8i-1 + U ui~N(0,0.72) You are told that var (;) = o for all i and that E ( [X;) = 0. You have the following information: Y= [0 2 1 1 0]', x= [0 1 0.8 1 0]'. Calculate the GLS estimate of B. (Hint: transform the data)
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Principles of Economics
Authors: N. Gregory Mankiw
8th edition
1305585127, 978-1305971493, 978-1337516860, 1337516864, 978-0357539200, 978-1305585126
